A company called Local Market Monitor (LMM) tracked home sales activities in cities with populations over 500,000 and then "analyzed key economic factors that directly affect housing markets: unemployment and job growth rates, as reported by the Bureau of Labor Statistics." They made predicti...

01/27/2011

Anti Deficiency law now in effect in California.

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Beginning on January 1, 2011, in California, if you were approved for a short sale, the first lien holder must automatically waive its deficiency claim that most likely would have resulted from the sale of the property for less than what was owed on the original loan. This is thanks to the pa...

01/05/2011